|
If you are the individual or the legal person living or registered in
the state with the strict currency control and supervision, high taxes and
duties, so the use of our services of offshore company incorporation and
tax planning will help you to develop and plan your business to achieve
maximum financial result and the optimum amount of tax payments.
It is not a secret, that businessmen from many countries register
companies, invest their assets to the countries with low tax rates or tax
exempt zones (so called, “offshore centers”). The similar activity has been
widely practiced all over the world since 30ths of previous century. As an
example we can mention Panama, where General Corporation Act was adopted as
early as February, 27, 1927. The Act stipulated liberal tax and currency
control for non-resident companies. However, there are always difficulties
with a correct choice of the country of incorporation of the company for
any businessman. We advise our clients to consider the factors influencing not only on
incorporation, but also on the further activity of the company when
choosing jurisdiction.
Usually mark out three groups of the countries differing on a level of
the taxation, the state control of commercial activity, confidentiality of
the information and other criteria.
In the first group are industrially developed countries where
significant part of business profit is spent on payment of taxes and many
sides of business activities are strictly regulated. So, there is no sense
to register there the company for tax planning.
The second group includes the countries with moderate tax system, the
tax and currency control, namely:
Canada
The Great Britain (private company limited by shares)
The Great Britain (limited liability partnership)
Hong Kong
Iceland
Ireland
Labuan
(Malaysia)
Liechtenstein
Luxembourg
Madeira
Malaysia
Malta
Mauritius - Global
Business Company 1 (GBC1)
The
Netherlands
The Netherlands Antilles
New Zealand
Singapore (non-resident companies)
Uruguay
Switzerland
Estonia
in the US (LLCs):
Arkansas
California
Delaware
Florida
Georgia
Kentucky
Mississippi
Nevada
New
Jersey
New
York
Oregon
Vermont
Washington
Wyoming
Comparative characteristics of taxation
of different business entities in the US.
Registered in the above countries companies benefit from the essential
advantages and have the following general characteristics:
-
strict requirements to executives, for example, a director
should be the citizen of that country where the company is registered;
-
book keeping and auditing by the independent and
licensed auditor are necessary;
-
as a rule, payment of the authorized share capital
before the beginning of incorporation of the company is obligatory;
-
more expenses in comparison with offshore jurisdictions
both on incorporation, and on the further administration.
And, the third group of the countries, where the procedure of
incorporation of legal entities is extremely simplified and income taxes
are considerably reduced, holds special position. They usually are called
as " tax harbors " or offshore centers. The concept offshore
(from the English word "offshore"-) means " other coast
", that the company carries out its activity behind the borders of the
country of incorporation. We offer incorporation in the following offshore
jurisdictions:
Bahamas
Belize
British Virgin Islands
Cayman
islands
Cook
islands
Cyprus
Dominica
Gibraltar - exempted company
Gibraltar - non-resident company
Guernsey
Ingoushetia
Isle
of Man
Jersey
Marshall Islands
Mauritius - Global
Business Company 2 (GBC2)
Nevis
Panama
Seychelles
St. Lucia
St. Vincent and The Grenadines
Turks and Caicos Islands
Western Samoa
Company incorporation in " the third group of countries" is
characterized by the following
features:
-
small expenses;
-
simplicity and minimal time of incorporation, availability of ready-made companies;
-
as a rule, absence of any taxes except duty on tax
exemption;
-
personal presence for company incorporation is not
required;
-
names and addresses of shareholders and directors
are not filed with the Register of Companies, and declared only in the
documents of the company;
-
an opportunity to use the services of nominee
directors and shareholders, that allows to not disclose the names of beneficial owners of the company;
-
allowed business activities - all, except specially
licensed, necessity of special license to conduct bank, insurance and trust
activities;
-
ownership of immovable property and operations with
residents of an offshore zone are restricted;
-
necessity of presence of the Registered Agent in
the country of
incorporation;
-
authorized share capital of the company and there
are no requirements about obligatory payment and quotation of the minimum
and maximum limits;
-
issuance of par value and non – par value
registered and bearer shares is allowed;
-
there are no requirements to a nationality,
citizenship, and professional skills of directors and shareholders;
-
meetings of directors / shareholders may be held in
any part of the world, it is possible to hold the meetings by means of
telecommunication and the minutes of meetings may be kept in any place;
-
accountancy is not required, there are no
requirements for preparation of annual report and its audit;
-
there is no currency control;
-
confidentiality of information about the company
and bank operations is maintained.
Thus " INTERNATIONAL LEGAL SERVICES " does not limit its
assistance only to ordinary incorporation and provides complete management
of the registered company, obtaining employer
identification number, filing of annual reports, accountancy,
secretarial work, signing of necessary documents, contracts, bank forms for
opening current accounts of the company, audit, mail forwarding address,
and also creation of virtual office of the company. We have an opportunity
to provide you with all necessary services at a qualitative level and at
the most competitive prices, that the registered company to be managed
properly and to conduct its activity in conformity with the laws of the
country of incorporation and the place of its primary activity.
.
|
Incorporation
of offshore companies